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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Pipelines and CDN Deficits
2
Aug 23, 2011 11:12AM

FURTHERMORE:

Every year that the Gateway pipeline is not built, we lose about $20 per barrel that we (at this point in time) can only sell south to the States.

Were the Gateway complete and in operation, the Canadian economy would realize $20 x 500,000 barrels per day, x 365 days per year, for a total annual cost to the Canadian economy of $3.65 Billion. Together, this plus your number costs us over eight billion buck a year.

It will be interesting to see if the Harper government has the gonads to stand up to those few thousand folks opposing the Gateway; so fat they have only been offered a few thousand dollars each to play along.

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